This property looks like a bad Long-Term investment with a projected -1.31% first-year return on $42,000 initial cash invested.
-1.31%
Cash On Cash
6.9%
Cap Rate
1.04
DSCR
$1,770
Rent
-$46
Cashflow
Cash Flow
$1,770 income − $1,816 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,770
Total Expenses
$1,816
Mortgage P&I
63%
$1,108
Property Taxes
10%
$179
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0